1951-08-01 — Page 9

Page

MESSAGERIES

M

ARRIVALS

MARITIMES

"LA MARSEILLAISE” from Marseilles

"OUISTRERANT"

from Japan SAILINGS

M

PASSENGER/FREIGHT SENVIOS

to Japan

to Marseilles

***A MARSEILLAISE”

*A MARSEILLAISE”

FREIGHT SERVICE

"OUISTREHAM"

**MEKONG"

"MEINAM"

8th Aug. 1418 Aug.

Oih Aur. 22nd Aug.

„N.. Africa · & Europe 18th Auz. N. Africa & Europe 30th Aug. N. Africa & Europe 26th Sept.

for

PORT SAID, TUNIS, MARSEILLES, ALGIERS, ORAN, TANGIER, CASABLANUA, HAVRE, DUNKIRK, ANTWERP & ROTTERDAM.

"ALEXANDRE DE RHODES" to Saigon

7th Aug.

CIE DES MESSAGERIES MARITIMES À LIMITED COMPANY INCORPORATED IN FRANCE

Tel. 26651 (Three Lines) Queen's Building

PENINSULAR

OQUIS

& ORIENTAL

SEPARABI

STEAM NAVIGATION COMPANY

R. M. S. "CANTON"

SAILS:

NOTICE TO PASSENGERS

BAGGAGE:

THURSDAY the 2nd August at 5.00 P.M. for the UNITED KINGDOM vin Straits, Colombo, Aden and Port Said. ALL, passengers baggage must be sent to the Hongkong & Kowloon Wharf Co.'s Godown at No. 2. GATE, CANTON ROAD ENTRANCE BY NOON on Wednesday the 1st August.

"

SPECIAL NOTE: With the exception of hand packages carried by passengers themselves, ALL BAGGAGE must pass through the Wharf Co.'s Godown for loading on board by ship's slings only.

EMBARKATION: Will take place on THURSDAY the 2nd August between 2.30 P.M. and 4.00 P.M.

U.S. Cotton Acreage Largest Since 1937

Washington, July 31.

The Department of Agriculture reported today that U.S. farmers had 29,510,000 acres of cotton in cultivation as of July 1-58.5 percent more than a year ago.

This is

the largest acreage since 1937.

thal Department said The with an estimated stock carry- over of 1,300,000 bales, imports of about 200,000 bales and the production, the total assumed supply during the 1951-52 between would range season 30,200,000 and 20.300,000 bales. This supply would be 96 to

percent of the supply

123

cotton in the

during

1950-51,

of

United States

The International Cotton Ad- visory Committee estimates the world cotton production during 1051-25 at about

33,200,000 bales. This estimate was mnde in-1

May.

Stocks Pile Up In US

Warehouses

consumer

THE CHINA MAIL, WEDNESDAY, AUGUST 1, 1951,

New Export GOOD NEWS FOR NY Cotton

Control In

Thailand

Bangkok, July. 31. General export control was announced today for tia ere, iron ore, teal and lead ore, anfiniony, zino,

.. rubber, castor seeds, csator

oil and kapok.

A Royal decrco nouncing the control siipulated that underw planning to ship the ear- zes must apply for's per- mit from the Ministry, of Commerce or the authort- ties designated by the AHnlatry.

The control was under- stood to be aimed at pre- venting strategie materials from

reaching Red China, North Korea and other Communist countries, possibly except Yugoslavia, It was further understood that this was Thailand's United to the response Nailons resolution strategic embargo against Ited China

North and Koren.-United Press.

TEXTILE MARKET

a

IN EUROPE

Paris, July 31. The withdrawal of a Turkish

Page

U.S. CONSUMERS In A New R

R.I.L

OF COPPER

New York, July 31.

Copper consumers, hard-pressed for supplies, have been given two items of good news.

Decline ROYAL INTEROCEAN.

New York, July 31. Cotton futures backed down after a steady start as hedge

selling and local trade and com- mimion house liquidation met only scale-down support.

Many traders held to the xidelines, awaiting develop

1-Price stabilising crashed the ceiling price of foreign copper refined in this country by three ments on the crop situation ant cents a pound to 2714 cents. This released an the Korean peace negotiations. estimated 15,000 tons of copper which had been spot tied up in custom smelters because of a pricing December tangle, and should encourage copper imports.

The ceiling of 24-1/2 cents on domestle copper was not affec ted.

2-The

Wage Stabilisation Board asked both management and the United Steelworkers Union to resume much-needed Garfield, production at the big.. of

Utah, copper refinery Ameri-

HONGKONG SHARE MARKET

can Smelting and Refining Com- study pany, pending a Board of wage issues in a four-week old strike there. The initial response from both sides to this request oppeared favourable. Both of these developments are important in view of the ur-Exchange rent military and civilian do- valued at $275,160. Noon

mand for copper,

(From Our Correspondent)

Business done on the Stock

this morning

туля

prices and the morning's trans- Meanwhile, August allocation actions:--

cates for copper under the

materials plan began SHARES BUYERS BELLFHS SALES producers In large BANKS

renching valume.

The brass mills, wire milis and foundries shipped products containing 129,283 tons of new rent

ed with 121,371 tons

in

reservation over figs has clearest refined copper in June, com the way for the creation of a New orders booked by the European free market for mankers of co goods in Juno

copper textiles and a wide range of called for use of 135,695 tons of goods, including chemient pro- now

with copper, compared duels, hides, tobacco and figs on | 131,530 tons needed for orders the "common list."

booked in May.

Turkey announced the with-

deputies

#

Co-operation here today.

Figs did not appear on the list adopted.

Several countries, notably France, opposed the inclusion of figs on the ground that this com petition would hurt: the French market.

. RUMOURS DENIED The Government's

Food

with!

drawal a meeting of the 18-untic.1 of the

Recon Governing! Council of the Organ-struction Finance Corporation agreement had isation for European Economic nonounced an

been reached granting Bolivian

$1.12 cents [13] producers tin prund because of adverse min- lag conditions In that country.

But RFC Administrator w. Stuart Symington 'told news there is no basis for run frumours thal other foreign producers might get All decisions taken by the price in future contracts OBEC aro an 13 basis. Turkey had until today-price in this country held un-

unanimous

DUS the U.S. The RFC's own selling the suggested deadline for drop-thauged at $1.06. ping trade barriers in the com-

Other price developments: modities concemed-to draw a veto on the adoption of Quicksilver dropped $2 to $5 a Bask (70 pounds) to a now the fro

freed list.

$210 'In "This is an important decision range of $205 le

market which has been dragging it will permit the for months after heavy buying because creation of a free European

carly this market for textiles, textile machinery as well as machinery and farm products," an OEFC official said.

with-

"The 1st does not cover the whole range of inter-European commerce. The Council decided today that additions to this free 1st should be submitted before October 31." the official added.---- Heuter.

Grain

ERM ANA

HK Bank XD 1460 1470

200

500 100

J

INSURANCES

Union RK Fig

DOCKS, ETC.

Whart

N. P. What Provident Wheelock LAND, ETC HK Hotel HK Land... S'ha Land

UTILITIES

Tram

Star Ferry C. Light (0)

730 135

01

20 4 750

400 1000

21 2114

4.85 4.95

1.10 1.25

Prieds closed as follows

October

March (1052)

May.

July.

October

Date

in Port 3rd Aug. 3rd Aug. 8th Aug:

Rith Aur.

17th Aug.. 22nd Aug. 20th An5.

Ship

*TJIWANGI

ARRIVALS

MYAN HEDTAZ"

"ÜGISIEVAIN"

"TJIRADANE"

LINES

From

Måsensuur & Java Porde Japan

B. America, 8. Afried, Bingapore,

Raiton & Manila

Singapore

9. America. B, Afdra, Angabe

"TONORA Ktantia •.

"TASMAN” “TJIBESAN** "BOIBBEVAIN"

38.75

34.75 -34.76

34.00

34,00

34.09

33.34

December

32.04 nominat 23.07 BIA United Prend

NEW

Spot

ORLEANS MARKET

35.23

8th Aug.

2011. Aug.

October

34.63-34.642ard Aug.

December

Mareli (1952)

34.07

26th Aug. Sixt ATK.

STUDERAR?** "BOISSEVÄIN"

Аду July

Ocloher December

32.33

-United ProtK

Plan For

Increased Oil Output

Washington, July 31, A United States official told the United Press today that the Justice Department has given approval in principle to im- mediate considerable increases of overseas all production of 19 4.95 United States oil companies to

prevent an oil shortage.

13.30 13.75 3100 m 1345

70 20

77.10 1300 a

C. Light (N) 4.30 4.40 200 4.25 100 4.30 1000 or 4.33

C. Light (8) 6.60 5.00 429 0.50

1000 0.00 1000 0.00 Electric

27 27 3400 27 Telephone... 1195 12 100 11

An announcement is expected within 48 hours of plans for the oil companies to step up pro- duction, possibly as much as 20 per cent,

The official pointed out that-

finalised the plans 7

are being at a time when the U.S. Ambas- sador, Mr Averall Harriman, is trying to get an Iranian-Briush agreement for continued work- of the Abadan oil refinery. Fri

The Justice Department has had to give approval to the oil companies plan because of the United States anti-trust law. It was believed that no official agreement of the Department will follow shortly on its agree- Iment in principle. The next step would be for the companies to draw up a distribution plan.

The pooling of tankers owned by these companies will enable to be transported-United Pruse.

11.20 1415 500 1414 500 1415

INDUSTRIALS

Cement 11.10 11.40 1500 @

Rope

G

STORES, ETC.

Dairy

2412 1415 Waison ..... 181

COTTONS

Ewo XD....

210

year. Shippers of India inanganese cre boosted prices about 7 cents

200 10

long ton unit (22.4 pounds) The Rubber

to $1.18 to $1.22 as the fosi pice of steel-making operations exceptional de- maintained mand.

Markets

futures

London, July 31. Price of rubber closed today as follows: -Number-1-rubber,

LATEST PRICES Major metal prices: Copper 24.60 cents a pound ceuts aelivered, Foreign 27.50 New York.

Lead 17 cents a pound New Louis. Foreign 21.50 - 32.25 cents nominai gulf of Mexico ports.

Zine 17,50 East St. Louis, 18.25 cents New Jnuary/March York. Foreign 29 - 31 cents April/June

PricesYork, 16.80 cents St

In Chicago

Chicago, July 31. Prices of grain futures closed today as follows:-

Wheat-price per buchel.

Spot...

9.30 2.3894-19 2.3042-% 2.42!1-2.42 2.4115-

1.74

September

December

March (1003)

May

Con

Spot

September

1.7114-1

Deconver

May

TALK

March (1952)

Rye

1.04%

3.641 1.68 asked 1.7013

*71 80%

Washington, July 31. Stocks of

goods July continued to pile up in manu-September

151 facturers' month despite a rush of bar- July

September

warehouses

rain sales at retail levels, the Commerce Department report- Except for 1937-90, this cl today. would be the largest world pra- duction on record and is 29 It said

Inventories reached n higher than 1950-51.

of world carry-value $39,800,000,000

small-June. This

percent the

0011

New York four-per 200 lb. rack. 81226-United Press.

cents a

In cents per lb. September October

434-22

4022-41

2312-18

产品

3714-3316

pound November

nominal Gulf of Mexico ports.

Aluminium 19 cents a pound, ingots, shipping point.

Pigs 18 cents.

Antimony 45,30 cents a pound cased (less than carload lots) New York, Bulk 42 cents carlots Laredo, Texas, 50 cents Cascade, Idaho.

Manganese ore contracts 79.8- 31.8

cents a long ton unit (22.4 pounds) nominal CIF US. (duty for buyers' DC-

October/December

32 nominal -United Press.

SINGAPORE MÁRKET'

Prices

futures

oil

Britain As Chairman Of Wheat Council

London, July 31. Mr F. S. Anderman (Britain) was today re-elected chairman Council and Executive of the Committee of the International Wheat Agreement, Decording to a usually reliable source here.

Mr Edwin McCarthy (Austra

WAR re-elected Vice-

Chairman.

Singapore, July 31.

lia) of rubber closed today as follows:- Number 1 rubber, per lb. August September

October

Number

141-14154 136-137

135-136

129-12045

rubber,

August

Number 3 rubber,

August

Number 4 rubber,

August

Spot rubber,

D

unbaled Black crepe

pals crepe No 1

144-145

1811-5

count).

Indin ore 1.18-1.22 nominal. Ferro manganeso $105 gross ton, shipping point.

Nickel

57.5 cents

a pound, electrolytic cathodes Port Col- borne, Ontario, U.S. duty in- cluded.

Platinum 500 wholesale, 03 retail, New York.

Silver 0.10 cents an ounce New York, 78.5 pence London.

Tin sao pound, New York. Quicksilver $205-$210 a flask 10-New York. Tungsten.

ore $65 a lon unit, ceiling price-ä- sociated Press,

that manufacturers New York Sugar

Futures

was

dollar

$000,000,000 over stocks will be about 10,700.000 boles-and the higher than in May and $10,- 000,000,000 higher thon in total world supply was forecast at about 45,900,000 bales. This June, 1950. The Increase from

was compares with 44,100,000 bales May to June, however,

jess than the rise between in 1950-51.

April and May of $1,100,000,- 000.

The Agriculture Department also reported that U.S. rayon Arst during the production quarter of 1951 was 320,200,000 This was 0.7 percent pounds. above the same quarter of 1950 but slightly less than the output

fourth quarter during the 1050.

of

The rayon Industry, according to the Department, is expected to continue ita expansion during the coming year and the pro- duction of rayon during 1951 will probably be larger than the record 1950 output.

ONTARIO MINE' OUTPUT

Toronto, July 31. Ontario's miners hauled, nearly $40,000,000 worth of gold and silver out of the ground in the first six months of this year, the Provincial Mines Depart-

merovlace's

The

New York, July 31, World sugar futures closed day 13 lower to 1 higher, with cales totalling 127 contracts.

Contract No. 8 closed 2 to"? : polals lower, with sales totalling 231 contracts.

5.5 nominal

There was no decline in, the

Prices closed as follows: of rate of Increase of stocits

Contract No. 4 (world) September day

0.23 Bld consumer durable goods, such as automobiles, radio and tele- January (1052) vision sets. Slocks of those March

May rose by $700,000,000 In Juno, July the same as between Aprit and September May.

felt

Spot

5.34 traded 0.34 nomlon! 5.34 naminal 5.35 nominal

6.25

Contract No. G

The increase fa stocks of September

January (1053) raft goods such as clothing and

March: food was only $200,000,000 May from May to June, compared July

September to to $400,000,000 from April

Spot May.

The Department reported that manufacturcts' sales off about four percent between

The Depart May and June. ment said lower sales of food word and the textile groups

for this largely responsible

manu- decline. Sales of all factured goods totalled $23,- 000,000,000 1n June, comparad to $1,400,000,000 in 1950-United Press,

June

today,

43 pra- dominantly, gold mines produced 1,200,000 ounces of

gold and of silver. The 215,000 ounces. report said the production value. New York, July 31. was about $1,000,000 under the Sellers offered copra at $185, samo period last year altho ghbor ahort ton. Coconut oil was the tulal volume was sini, quoted nominally at 13-14 conte

Fa/poundi-United" Prassi

1.46 bid

11.50 bid

548 nominal 5.48 nominal 353 nominal

B.55 nominal. 0,55 United Preca

LONDON TIN

WEAKNESS

London, July 31. The tin market was weak and autot. Turnover was 45 tons, including 25 tone for cash.

Pricos closed at the end of the official morning session na following

foot lin, buyers, fiskvinn apos tin, rollers;ë vitin Jusiness dore: alike. Three-monthi ; in, fiurers Three-mantha Shuine da

מם

ounce WALL

Price Of Wool Clothing

12116-12235

188-705 United Pres.

5th Aug. 5th Alz.

Dale

Macassar, Java Poria de Rugapore Japan

H. Africa, Maurition & BingepOTA Japan

· · SAILINGS

"TJIWANOJ "VAN BEUTAZ” "BOISBEVAIN" TJISADANE” “TASSIAN"...

То

Singapore Java, Pòris # MACANMAT Ningapore, Penang & Belawan Doll Yokohama & Japan Ports Yokohama & Japan Porta

- Ringapore, Semarant, Tjitebon,

Djakarta & Belawan Deli

STJTJALENGKA” · Singapore, Java Ports & Macquar

Yokohana & Japan Ports - Manlia, Singapore, R.-Atries & 8.

America

1

Agents: HOLLAND EAST ASIA LINE

11th Aug. 16th Aug Mil. sept.. hild Bepi Znu werk Oct.

1324 Aug Zist

ANE.

Atid. Sept. Mid Sept 2nd week Det.

ÁRRIVALS

Ship

*SAGTEKENS”

Japan

"ALMKENK**

·Europ

Japan

"ALMESEK" "HOOGKEÜK" "HOONKENK"

"AAGTRKERK" "ALMKERK" HALKERK" "HOOGKERK" "HOOOKERK"

From

Europe & Askgapore

Japan

SAILINGS

To

Manlia, Binrapora & Europs Inpan via Manila

Mánia, Singapore & Europa Japan via Manlia

Mónlis, Rakapore & Europe

KİNGSTRÜHLDING. TELEPHONES;"ARGES 10 28017

FFINEST AGENTSA, 8L ROS YARGIFT, HORN, ALLEN

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, vis

BAN FRANCISCO, LOS ANGELES AND PANAMA.

NEXT SAILINGS

M.S. "GRETE MAERSK". M.S. "OLGA MAERSK” M.S. "LAURA MAERSK”

ARRIVALS FROM M.S. "HULDA MAERSK” M.S. "TREIN MAERSK”

M.S. "PETER MAERSK”

Aug. 4.

Aug. 14

Aug. 30

U.S.A.

Aug. 20

Sept. 8.

Sept. 14

For Freight and Further Particulars please apply to:-

AGENTS:

JEBSEN & CO.

Pedder Building

Tel. Nos. 36066-9,

S. A. C.

The re-elections are for the Wheat Agreement year 1951-52. The appointment of the Secretary and other officers Whe left to the Executive Committee of..

International Wheat Agreement, the source said.

The

took place at Every TUESDAY is SAC DAY to BANGKOK elections today's meeting of the Inter-

and DIRECT FLIGHT to RANGOON npitonal Wheat Counell,

The

The Council began Ita secret two-day session here yesterday to discuss the crucial contro- versy over a carrying charge of six cents of bushel which Canatta

STREET and SLUMPS

New York, July 31, Stock prices retreated in the -most severe braak since the end

of June but the volume was

at only moderate

1,550,000 shares.

Dealers attributed the, de- cline

which to profit-taking knocked most of the recent

the United States hove decided to add to the maximum price for wheat lold down unter the International Wheat Agree ment.

Is

Britain holds that the charge

unjustified.

After this afternoon's meeting ended without a decision, the Council agreed to meet again to night-Reuter.

New York, July 31. gainers down a point or two, The Federal Reserve Board's averages at the industrial production Index for of the session stood as June was 222,-United Press. follows:-

Dow Jones

New York, July 21, Reports by Government end Agencies that wool

..clothing will be affected more adversely 30 Industrials

20 zal by the rising prices than op

IB utilities: parel made, at other abres have no foundation in fact, the Wool 40 bonds Bureau declared today. The Bureau cuid many clothing already manufacturers have announced modification or eli- mination of price Increases in wool apparel for the Autums. Fine wool was selling on the for Boston market in March about $3.75 a pound. Today i

about $2.15 to $3.20 | Is priced

pound, about 20 Tovat. above the pre-Korean

Japanese

.

ANT.CO

30.54

44.00

37%.07

-United Pres.

Bonds

London, July 31. Tapatiose bonds

· 1907)

United,

The Bureau points out that the b

abre, content of a mon's Wool must retailing in, the 305 mang accounts for only an average dr. 13

3 percent of the amount

Now York, July 31, The black pepper market 10-

- the price tag The remaja- cally ruled about unchanged In lar represents the labour in a very quiet trade Dealers in- thosmanufacture; of the": fabric dicated rapotamoilors Coffering and tie: garment plus the cost popper në Around $1.60 at pounde of diiribution,United Pressa.

BANCKOK/PENANG & SINGAPORE ON WEDNESDAY BANGKOK/RANGOON & CALCUTTA ON THURSDAY BANGKOK/SAIGON ON, FRIDAY

For full particulars, please apply:

General Agents:

SOUTH EAST ASIA TRADING CO., (SIAM) LTD.

69 Connaught Road, West.

Peninsula Hotel, Kowloon,

Booking Agents:

Tel: 24292 Tel: 56416

UW PIT SENG'S TRADING CO., LTD.

Pedder Street, Tel: 26793

CHIANG HUAT., HONG": 340 Queen's Road, West, Tel: 36204

Pacific Far East Line, Inc.

Fast Regular Trans-Pacific Servico

NSOR SOVERLAND

NEW YORK-CHICAGO DETROIT-TORONTO MONTREAL AND ALL AMERICAN- CANADIAN CITIES

Artiven

DIRECT

BAN FRANCISCO, LOS ANGELES

Venel ·

From

NR: DEAR"

'SAN

-Sept!"

Nov

United, Hinton Linds

Shr